https://www.taxtmi.com/caselaws?id=333944 The Tribunal upheld the decisions of the Assessing Officer and Commissioner of Income Tax (Appeals), treating the income from the sale of a common plot of land as "Business Income" rather than "Capital Gains" for a cooperative housing society. Additionally, the Tribunal ruled that transfer fees received from members should be taxed as business income and not exempt under the principle of mutuality, dismissing the assessee's appeal for the assessment year 1995-96. en-us Wed, 28 Sep 2016 00:00:00 +0530 Thu, 27 Oct 2016 13:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333944 The Tribunal upheld the decisions of the Assessing Officer and Commissioner of Income Tax (Appeals), treating the income from the sale of a common plot of land as "Business Income" rather than "Capital Gains" for a cooperative housing society. Additionally, the Tribunal ruled that transfer fees received from members should be taxed as business income and not exempt under the principle of mutuality, dismissing the assessee's appeal for the assessment year 1995-96. Case-Laws Income Tax Wed, 28 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333944